02
Nov
07:59
Recovering demand boosts Chinese long steel offers
The Chinese rebar market has started November strongly. The three major steel mills in eastern China are confident about the long products market and have raised their offer prices, Kallanish notes.
For the first ten days of November, Shagang, Zenith and Yonggang have each added CNY 50/tonne ($7.48/t) to rebar offers and CNY 100/t to high-speed wire rod and rebar in coil offers. Meanwhile, the three steelmakers are also providing CNY 60/t, CNY 50/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous